AMC Entertainment to start roadshow Tuesday for $625 million three-part notes offering

By Paul A. Harris

St. Louis, July 26 - AMC Entertainment Inc. will begin a roadshow on Tuesday for a three-part bond offering that is expected to generate $625 million of proceeds, according to market sources.

JP Morgan and Citigroup will run the books for the Rule 144A/Regulation S offerings, which will have registration rights.

Issuing through Marquee Inc., the Kansas City, Mo.-based theater chain is offering $455 million in two parts: $150 million of eight-year non-call-four-year fixed-rate senior notes and $305 million of seven-year non-call-two-year senior floating-rate notes.

In addition Marquee Holdings Inc. is offering $170 million proceeds of 10-year non-call-five-year senior discount notes.

Proceeds will be used to finance, in part, the acquisition of AMC Entertainment Inc. by Marquee Holdings Inc., a newly created investment vehicle owned by affiliates of J.P. Morgan Partners, the private equity arm of JPMorgan Chase & Co., and affiliates of Apollo Management LP.

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